I have received a good number of messages in my in-box sharing concern about falling prices of EBL.
With adjusted capital of 5.74 Arab, reserve 5.88 Arab, EPS 43.78, P/E 30.90, Net worth 229.99 and Assets per share 2596.04, Everest is one of the very good companies. And, in such a situation of tremendous growth, it has maintained its basics sound.
As far as price of its shares is falling down, primarily so is Nepse index and preference of investors. When investors, particularly traders prefer, even HDL shares could see golden days of above 2000 price tag.
Therefore, it is all about demand and supply in one side and some deliberate moves to influence prices on the other might have resulted in fall of prices.
The company is where investors like to focus on and the trend what makes the traders looking into.
As an investor, I will hold my EBL shares and I am not too much concerned about daily accounting of paper profit/loss as long as the company is performing well.
Disclosure: My fourth highest investment is in EBL.
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